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Assume that you earned 12% interest rate from a bond investment during the past year. If the inflation rate was 5% during that period, what

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Assume that you earned 12% interest rate from a bond investment during the past year. If the inflation rate was 5% during that period, what is the real interest rate from the bond investment? A) 8.9% B) 3.5% C) 5.6% D) 7.8% E) 6.7%

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